SpareBank 1 Nord-Norge (OSL:NONG) Gross-Profit-to-Asset % : 5.11% (As of Dec. 2023)

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What is SpareBank 1 Nord-Norge Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. SpareBank 1 Nord-Norge's annualized Gross Profit for the quarter that ended in Dec. 2023 was kr6,568 Mil. SpareBank 1 Nord-Norge's average Total Assets over the quarter that ended in Dec. 2023 was kr128,433 Mil. Therefore, SpareBank 1 Nord-Norge's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 5.11%.

SpareBank 1 Nord-Norge Gross-Profit-to-Asset % Historical Data

The historical data trend for SpareBank 1 Nord-Norge's Gross-Profit-to-Asset % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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SpareBank 1 Nord-Norge Gross-Profit-to-Asset % Chart

SpareBank 1 Nord-Norge Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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3.04

3.06

3.19

3.20

4.27

SpareBank 1 Nord-Norge Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															3.83	3.99	3.73	3.99	5.11

Competitive Comparison of SpareBank 1 Nord-Norge's Gross-Profit-to-Asset %

For the Banks - Regional subindustry, SpareBank 1 Nord-Norge's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SpareBank 1 Nord-Norge's Gross-Profit-to-Asset % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, SpareBank 1 Nord-Norge's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where SpareBank 1 Nord-Norge's Gross-Profit-to-Asset % falls into.

SpareBank 1 Nord-Norge Gross-Profit-to-Asset % Calculation

SpareBank 1 Nord-Norge's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2023 )	/	( (Total Assets (A: Dec. 2022 )	+	Total Assets (A: Dec. 2023 ))	/ count )
	=	5353	/	( (122319	+	128138)	/ 2 )
	=	5353	/	125228.5
	=	4.27 %

SpareBank 1 Nord-Norge's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	6568	/	( (128728	+	128138)	/ 2 )
	=	6568	/	128433
	=	5.11 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Dec. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

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SpareBank 1 Nord-Norge (OSL:NONG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » SpareBank 1 Nord-Norge (OSL:NONG) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

0J1N:UK 93S:Germany

Address

Storgata 65, PO Box 6800, Tromso, NOR, 9008

Website

https://www.snn.no

SpareBank 1 Nord-Norge is a Norwegian banking services provider. Apart from general banking solutions, its areas of expertise include estate agency, asset financing, and accounting operations. The company operates with primary segments, namely Retail Banking, Corporate Banking, and leasing & Markets. The Retail Banking segment serves individual customers through the provision of retail banking products such as loans, deposits, cards, and insurances. The Corporate Banking segment focuses purely on corporate customers. The bank also provides real estate brokerage, trading in securities, active investment management, and value assessment.

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